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Forums>EA Wizard>Make my EA>counting waves with Awesome Oscillator

  • #242275|
    Participant
    118 Posts

    counting waves with Awesome Oscillator
    Hello, I’m looking for a way to count the up waves (like elliott waves) and if the parameter drops close to the long position. Example: 1. wave 1 high, 2. wave high and now period lower than high 2. wave. I use the Awesome Oscillator for it.

    Is there a way to analyze and count the waves?

    Example: Go long if Awesome oscillator cross over zero and now: close long position after the high of the 1st wave (X marked)
    (If the new period is lower than the high.)
    Does anyone have an example or solution for that?

    #242320
    tomas262
    Administrator
    1145 Posts

    Hello,

    it can be easy I presume. Can you mark on the screenshot where you would like to exit? I am not sure

    #245043
    tomas262
    Administrator
    1145 Posts

    There is an easy way how to count “waves” using Lowest / Highest function. See example attached

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    #245597
    Participant
    118 Posts

    Hello, I have improved the idea because the indicator is too slow.

    I have reversal points and i want to count them:
    The low as a variable: MA3 [1] is larger than MA3 [2] and MA3 [2] is smaller than MA3 [3]
    The high as a variable: MA3 [1] is smaller than MA3 [2] and MA3 [2] is larger than MA3 [3].

    Now I want to count the highs, how many highs are above the SMA13.

    If 2 highs are above the SMA13 as a variable and then MA3 gets smaller, I want to close the long position.

    How could you realize that?
    thanks for your help

    #245631
    tomas262
    Administrator
    1145 Posts

    It can be done as well. Is the MA3 a moving average (3) ?

    Will make an example on this

    #247339
    Participant
    118 Posts

    Yes, the MA3 mean the simple moving average 3

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